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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: toothid who wrote (232)	8/5/1998 5:18:00 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 4691

Doc, >I recently saw Warren Buffet sitting in the front row of >Level Three Communication's shareholder meeting in Omaha > July 14th. Are you sure it was not Elvis? :-) >In your opinion in this a type of stock that shows up on >"buffet's radar screen" ? The answer is: NO. The company has no history as a public company - it has IPO'd last year. The PSR, PE ratios are horrible. The company is a high-tech business with high capital investitures and commodity competition. Buffett never looked at such companies, and I don't think he'll change now. Maybe Buffett was there to teach his students a lesson about impossibility of high-tech company valuation. :-) Good luck Jurgis